102 South Adams Street, Lexington, NE 68850

6 Photos
$375,000 List Price
In Contract on 6/06/2024
Listing ID 11259298
Property Type Commercial
Commercial Type Self-Storage
County Dawson
Total Tax $4,106
Tax ID 240122968
FEMA Flood Map fema.gov/portal
Year Built 1976
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Sale Pending! Smart Choice Storage 55 Units Lexington, NE

SALE PENDING! STORAGE UNITS FOR SALE IN NEBRASKA! All Units Rented in this 55 Unit storage complex under the Adams Street overpass in Lexington, NE! All rents paid via online with direct withdrawal. No late paying tenants. 7.12% NOI. Room for growth on rents! Applications all online. Can be remotely managed if so desired. Units quantity & Size 10 units: 8x5x8 - walkin door $36/month; 8 units: 9x5x11 - roll up door $32.50/month; 10 units: 20x10x8.5 - roll up door 56.10/month; 26 units: 22x12x11 - roll up door 66.27/month; 1 unit: 44x12x11 - with 2 roll up doors. There is Room for growth on rents! In very good condition with hard service drives to most units. Most have rollup doors. Tenants are responsible for their own snow removal. No yard work. Weeds professionally controlled. Very low operating expenses. Very hands off property with current absentee owners. NO Security Camera's. No Finished or heated units. No Water to units. There is electricity to Property. Located in Opportunity Zone but NO room to expand. Contact Broker for additional Income details not seen here on Crexi. 6.85% ROI However...please note: If you want more info, I will require your name, company name, website, city/state you operate from. If you send me a request for more info but do not give me your REAL name and an CURRENT email AND phone number that cannot be searched and confirmed online...I WILL NOT RESPOND! This is a great Buy Now!! Contact Broker for Income details. This is a very handsoff property and does have an absentee owner and an owner that lives 20 miles away and rarely has to go to property. Very little outdoors expense.
Property Details
  • 0.53 Acres
  • Built in 1976
  • 1 Story
  • Available 3/29/2024
  • Renovation: Excellent condition with repairs done as needed.
Exterior Features
  • Metal Roof
  • Other Water
Commercial Info
  • Smart Choice Storage Solutions (Business Name)
  • Uses: Large and Small Storage Units
  • 7% Cap. Rate
  • Gross Income $36,108
  • Net Income $26,705
  • Total Exp $784
  • Paid by Landlord: Struct. Maint.
Taxes and Fees
  • $4,106 Total Tax
  • Tax Year 2023
Listed By
Mach 1 Realty
Office: 308-627-3700
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